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| Price | ▼ 8.65% | ▼ 0.37% | 0.00% | ▼ 2.58% |
| Energy | ▼ 132.8 | ▲ 4.1 | ▼ 0.0 | ▲ 23.1 |
Trend of Bear Bias MGG Stock 1H
▸When MGG Stock is in Bear Bias:
- then MGG Stock moved to higher Market State: 35 times — 43.8%
- then MGG Stock moved to lower Market State: 45 times — 56.3%
▸Current MGG Stock market energy: -46.85%
- Distance to upper bound of Bear Bias (at -20.88%): 25.97%
- Distance to lower bound of Bear Bias (at -60%): 13.15%
"If history reveals a pattern, remember — nothing is ever absolutely 100%" — 2AITRADING
Once measurement on the 1H timeframe completes, MGG Stock classified as the Bear Bias zone.
Looking at the energy level, Market Energy moved from -70% to -46.9%, up +23.1% from the previous candle.
Time in Bear Bias energy zone: 1 1H Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, MGG Stock Market Energy ranged from -97.3 to +58.8.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did MGG Stock price and energy show when this 1H candle closed?
When the 1H candle at 14:00 on 10-07-2024 closed, MGG Stock was at 23.79, down 2.58% from the previous candle (24.42). Market Energy was -46.9%, up 23.1 points from -70%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.
How much did MGG price move on this 1H candle, and how large is that historically?
MGG closed at 23.79, down 2.58% from the previous 1H candle (24.42). This drop is larger than 32% of past drops on the 1H timeframe for MGG, across 509 candles since 2019.
How did MGG Stock Market Energy change from the previous candle?
Market Energy rose 23.1 percentage points from the previous candle — from -70% to -46.9%. This rise is larger than 43% of past rises on the 1H timeframe for MGG.
Do MGG price and energy agree?
No. Price moved down while energy moved up on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was MGG Stock in on the previous 1H candle?
The previous 1H candle had MGG Stock at -70%, Bear Critical — when this candle closed, MGG Stock moved up to a higher zone: Bear Critical → Bear Bias.
Where does MGG Stock energy sit within the Bear Bias zone?
At -46.9%, MGG Stock is 25.97 points from the upper boundary of Bear Bias (-20.88%) and 13.15 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.
What does Bear Bias mean?
Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Bear Bias definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: VNINDEX (Vietnam equities) in Bear Critical with energy -69.4%; VN30 (VN30 basket) in Bear Extreme with energy -75%. Against this backdrop, MGG Stock (Bear Bias, -46.9%) has higher energy than VNINDEX, VN30.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bull Bias with Market Energy 30.5%. MGG Stock (Bear Bias) and DXY currently sit on opposite sides.
See the real-time energy chart for MGG Stock.
Open Energy ChartSee the full 2AiTrading Model data for MGG on the MGG Stock overview →
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